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Politics : Foreign Affairs Discussion Group
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To: GST who wrote (158299)2/21/2005 4:33:05 PM
From: Nadine Carroll  Read Replies (1) of 281500
 
Healthcare policy was a disaster under Clinton -- thanks to his wife

You can hardly throw this one onto Hillary. Clinton put her in charge, and Clinton staked the prestige of his new presidency on getting a bill through. After it failed, he never recovered, and the first midterms, when the Republicans took the House, basically put the lid on his chances of being a significant president.

Clinton did what he needed to do on the economy because he is smart and saw how cutting the deficit would unleash the economy

The first thing Clinton did was to raise taxes, which rarely unleases the economy. But in his case, he was lucky that economic growth was strong enough (thanks to the Fed, not him) that it could absorb the tax increases. In fact, Greenspan spent the 90s spiking the punch, fiscally speaking; if Bush had the same economy, he too would have little problem with deficits. There was a huge surge of capital gains revenue in the 90s.
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